Eddie Ryan, CEO of Kneat Solutions said, “We are experiencing global growth in demand for our technology and scaling our work force in response. Home of the insider insights newsletter and the Canadian Insider … These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. Gross Margin: Fourth quarter gross margin was $1.60 million, compared to $0.65 million one year ago, an increase of 147% year-over-year. Quarter 4, 2020 revenues of $2.96 million were 51% higher than revenue of $1.96 million during Quarter 3, 2020, in large part due to expansions within our existing base. The following year, in an industry world first, a Tier One Biotech company uses Kneat to manage all facilities, utilities and equipment C&Q activities for a new 1 Billion USD plant construction. In November, Kneat announced the appointment of Mr. Keith Holmes as Chief Technology Officer. Kneat.com Inc. Kneat Announces Fiscal 2020 Fourth Quarter and Fiscal Year 2020 Results. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Then we'll look at a snap shot of the business growth. 2020 SaaS Revenues of $2.88 million, up 243% Year-over-year Q4 SaaS Revenues of $1.14 million, up 234% Year-over-year. EU and US Sales Directors are appointed to support demand in European, US and Asian markets. This has resulted in significant economic uncertainty and even though the company has to date experienced no significant impact to its operations, any potential impact on our future is difficult to understand or measure at this time. -Hugh Kavanagh, Chief Financial Officer of Kneat. For further information: Hugh Kavanagh, Chief Financial Officer, kneat.com, inc., Kneat Solutions, Unit 7 Castletroy Business Park, Castletroy, Limerick, V94 KW28, Ireland T: +353 61 203826, E: investors@kneat.com. "We are pleased to engage with another of the world's largest biopharma manufacturers to provide an end-to-end digital Validation management system," said Eddie Ryan, Chief Executive Officer of Kneat. Or, attend via teleconference Ireland +353 15 360 755 Our Journey. We are excited to be getting back into our offices and expanding into Hawthorn House, located within the thriving life sciences community on the Plassey campus. Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. From day one we set out to create the ‘best-in-class’ solution. Eddie Ryan is CEO/Executive Director/Co-Founder at Kneat.Com Inc. See Eddie Ryan's compensation, career history, education, & memberships. It’s very satisfying to bring speed, intelligence, quality and compliance to an industry where there was inefficiency, error and frustration. Net Loss: Net loss for the fourth quarter of 2020 was $1.59 million, up from $1.12 million for the same period in 2019, an increase of 42% year-over-year. The CEO of kneat.com, inc. (CVE:KSI) is Eddie Ryan. Mr. Eddie Ryan, Chief Executive Officer of Kneat, and Mr. Hugh Kavanagh, Chief Financial Officer of Kneat, will host a conference call and Q&A for analysts via webcast on Wednesday, February 24, 2020 at 09:00 EDT (14:00 GMT). United Kingdom: +44 20 3713 5012, The 2020 Annual Financial Statements will be available from the Financial Information section of the Investors page on the Kneat Solutions website, at: https://kneat.com/investors/. Interested parties can register for the live webcast. "We are proud of our team as they executed very well through 2020. • 2020 SaaS Revenues of $2.88 million, up 243% Year-over-year "We look forward to working with their team towards a go-live date at this site in Q2 2021". KNEAT ANNOUNCES FISCAL 2020 FOURTH QUARTER AND FISCAL YEAR 2020 RESULTS. All dollar amounts are presented in Canadian dollars unless otherwise stated. Iterative development results in many prototypes and beta releases. By 2008 interest in Kneat had grown, as Irish Government Innovation funding is secured. The CEO of kneat.com, inc. is Eddie Ryan. Kneat will benefit from Hugh's broad financial, operational and capital markets experience as we continue to grow our operations globally", said Eddie Ryan, Chief Executive Officer of Kneat. By 2008 interest in Kneat had grown, as Irish Government Innovation funding is secured. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. In 2014 the first, fully complete, fully tested model rolled out. We are optimistic about the future and proud of our team as they continue to fulfil our mission to help life sciences deliver therapies to the highest standards of quality and safety. Macro and micro report dashboards enable powerful oversight into all systems, projects and processes globally. Today, our customer base includes seven of the top ten biopharma companies. Find out how Kneat can make your validation easier, faster, and smarter. The forward-looking information in this press release does not include a full assessment or reflection of the unprecedented impacts of the COVID-19 pandemic occurring since the first quarter of 2020 and the ongoing and developing resulting indirect global and regional economic impacts. Kneat, a Canadian company with operational headquarters in Limerick, Ireland, develops and markets the next generation Kneat Gx software platform. Kneat does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Kneat becomes ISO 27001 certified and expands into new HQ offices to accommodate its fast-growing team. Eddie Ryan is President, Chief Executive Officer & Director at Kneat.Com, Inc. View Eddie Ryan’s professional profile on Relationship Science, the database of decision makers. Join us online for this fully virtual validation-specific conference, containing over 40 tutorials and tangible takeaways for the CQV Universe. While such forward-looking statements are expressed by Kneat, as stated in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject to important risks and uncertainties. Ireland: +353 15 360 755 SaaS revenues for the fourth quarter were $1.14 million, up from $0.34 million one year ago, an increase of 234% year-over-year. Rest in peace Ed. Eddie Ryan, Chief Executive Officer and Hugh Kavanagh, Chief Financial Officer, will host a conference call and Q&A for sell side analysts via webcast on Wednesday 24 February at 09:00 EDT (14:00 GMT). Customer case studies are reporting productivity improvements in excess of 100% and a higher data integrity and compliance standard. Annualized recurring revenue is used by Kneat to assess the expected annual recurring revenue from the customers that are live on Kneat Gx at the end of the period. After concept evaluation coding began in earnest, an expert team is then formed comprising some of Ireland’s most brilliant software developers and pharma experts. Kneat, a Canadian company with operational headquarters in Limerick, Ireland, develops and markets the next generation Kneat Gx software platform. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Financial Results Summary for the fourth Quarter Revenue for the three-months ended December 31, 2019 was $1.40 million , … Following the completion of a reverse takeover resulting in a public listing and large capital injection, in 2016 the first of many Tier One Biopharma companies completes deployment of Kneat globally. Start your paperless validation revolution by speaking to our experts. Annualized recurring revenue is calculated as the licenses delivered to customers at the period end, multiplied by the expected customer retention rate of 100% and multiplied by the annual SaaS license fee or maintenance fee at the related quarter end. Mr. Eddie Ryan, Chief Executive Officer of Kneat, and Mr. Hugh Kavanagh, Chief Financial Officer of Kneat, will host a conference call and Q&A for analysts via webcast on Wednesday, February 24, 2020 at 09:00 EDT (14:00 GMT). Kneat, a Canadian company with operational headquarters in Limerick, Ireland , develops and markets the next generation Kneat Gx software platform ("Kneat Gx"). Helping life sciences move to end-to-end paperless validation was going to require the development of a very comprehensive, intelligent software platform. Twitter; Facebook; LinkedIn; GooglePlus; Pinterest; Feb 23 2021 23:08 GMT. This website will remain as a tribute and in memory of a dear friend. 2020 Total Revenues of $7.42 million, up 88% Year-over-year Q4 Revenues of $2.96 million, up 112% Year-over-year. Revenues and staff numbers growing fast year on year. - Eddie Ryan, CEO, Kneat . Find out how Kneat can make your validation easier, faster, and smarter. There were some basic software solutions available but nothing that could deliver a home-run. During the year, we were successful in signing additional top tier Biopharma companies while increasing utilization metrics within our existing customer base. Location: Online Next, we'll consider growth that the business demonstrates. First, this article will compare CEO compensation with compensation at similar sized companies. Kneat is delighted to join a customer to co-present at the upcoming 2021 KenX Validation University Europe conference which will take place virtually on April 27 – 29. The only place for free North American stock rankings incorporating insider commitment. And we do it through the ongoing development of a powerful, purpose-built software platform. Multiple business work processes can be configured on the platform from equipment to computer system validation, through to quality document management. Kneat Gx helps Life Sciences to comply with the requirements of all global regulatory bodies such as the FDA, EMA, MHRA, ICH, WHO etcTheir customers are reporting greater data integrity, productivity improvements in excess of 100%, 50% reduction in cycle times and an overall higher compliance standard. Kneat continues to operate remotely and effectively during the pandemic. Canada: +1 (647) 497-9389 Revenues: Total revenues for the fourth quarter were $2.96 million, up from $1.40 million one year ago, an increase of 112% year-over-year. kneat.com Inc. has released results for its fiscal fourth quarter and year ended Dec. 31, 2020. Annualized Recurring Revenue was $4.76 million at Year End, up 149% Year-over-year. On Saturday, 8th June 2019 Eddie passed away after a period of illness. LIMERICK, Ireland, February 23, 2021 /CNW/ – kneat.com, inc. (TSXV: KSI) (“Kneat”) a company focused on digitizing and automating Validation processes for Life Sciences today announced results for its fiscal fourth quarter and year ended December 31, 2020. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. • Annualized Recurring Revenue was $4.76 million at Year End, up 149% Year-over-year, We are proud of our team as they executed very well through 2020. Our customers are in the process of scaling the Kneat Gx platform across their global networks for Computer System Validation, Equipment Qualification, Cleaning Validation and Cleaning, Equipment changeover, Sterilization, Process Validation, Validation Master Planning, Lab Instrument Qualification, Supplier Qualification process, Analytical Methods Transfer, Capital Project Delivery and Electronic Logbook. Venue: Online -Eddie Ryan, Chief Executive Officer of Kneat. -Eddie Ryan, Chief Executive Officer of Kneat. LIMERICK, Ireland, November 9, 2020 /CNW/ - kneat.com, inc. (TSXV: KSI) ("Kneat or the company") today announced that it has appointed Mr. Keith Holmes as its Chief Technology Officer effective November 9, 2020. • 2020 Total Revenues of $7.42 million, up 88% Year-over-year Our global operational headquarters and development teams are based in Ireland, and the company is listed on the TSX Venture Exchange (TSX-V: KSI). Bringing speed, intelligence, quality and compliance to where there was inefficiency, error and frustration. In 2014, after 8 years of intensive software development, we launched the world’s most advanced validation software to help revolutionize the speed, precision, transparency and intelligence of validation in the Life Sciences sector. -Eddie Ryan, Chief Executive Officer of Kneat. USA: +1 (951) 384-3421 • Q4 SaaS Revenues of $1.14 million, up 234% Year-over-year Our new implementations range from a single validation process, in one location, to full deployments for multiple processes over many sites, with thousands of users; all supported by our teams in the US, Ireland and Switzerland. Cautionary and Forward-Looking Statements. Interested parties can register for the live webcast via the following link: https://bit.ly/3jH5HkI, Or, attend via teleconference: A very, very sad loss to his family, friends and the drumming world. 2007 . After concept evaluation coding began in earnest, an expert team is then formed comprising some of Ireland’s most brilliant software developers and pharma experts. Kneat’s software allows users to author, review, approve, execute testing online, manage any exceptions and post approve final deliverables in a controlled FDA 21 CFR Part 11/ Eudralex Annex 11 compliant platform. By Eddie Ryan, Kneat Validation Aug 18, 2015 I recall one Validation Director telling me how difficult it was to explain his daily job, to his children. Our senior management team was expanded, and we strengthened our corporate structure as we continued to build out the Kneat SaaS platform. Dates: 27 – 29  April, 2021. Start your paperless validation revolution by speaking to our experts. Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. Fiscal 2020 Fourth Quarter Results. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. He has also managed multidisciplinary pharmaceutical projects on behalf of blue-chip companies. Eddie Ryan has been the CEO of kneat.com, inc. (CVE:KSI) since 2016, and this article will examine the executive's compensation with respect to the overall performance of the company. A qualified mechanical engineer with 15 years within design, production and project management and 10 years’ experience within regulated IT development and business development. Assessing the event in … Kneat will benefit from Keith’s broad technology expertise and his considerable experience in product strategy and technical leadership as we continue to grow our operations globally. “They really could not believe that I still dealt with a room called ‘The Vault,” he said, “in which hundreds of thousands of paper documents were stored.” Mr. Eddie Ryan reports. At the same time our existing customers are beginning to scale by expanding their use of our software,” said Eddie Ryan, CEO of Kneat. “The growth in our SaaS revenue is driven by Kneat… Eddie is CEO and joint founder of Kneat Software Ltd. with almost 30 years’ experience within the Life Science and Pharmaceutical industry. • Q4 Revenues of $2.96 million, up 112% Year-over-year The solution is now used by some of the world’s leading Life Sciences companies. Kneat signed five top tier companies during 2020, including three of the top ten largest companies globally. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat’s business development activities, the use and implementation timelines of Kneat’s software within the customer’s validation processes, the ability and intent of the customer to scale the use of Kneat’s software within the customer’s organization and the compliance of Kneat’s platform under regulatory audit and inspection. For more information visit www.kneat.com. We were fortunate to assemble an outstanding development team in Ireland and to receive excellent advisory and financial support from our investment partners. CEO Eddie Ryan said the strong revenue growth came from its growing list of tier one pharma companies now adopting kneat’s software. The 2021 KenX Validation University Europe conference, takes place virtually on April 27 – 29, online. Kneat’s first customers begin deployment in late 2014, following eight years of development in total. Business momentum is building and we are strongly positioned for continued execution in 2021 and beyond.”. Our goal for 2021 is to continue this expansion as we onboard new customers onto our SaaS platform.”. Revenues: Total revenues for the fourth quarter were $2.96 million, up from $1.40 million one year ago, an increase of 112% year-over-year. Customers authoring case studies that report substantial benefits through use of Kneat Gx. By 2014 over 900,000 lines of cutting-edge code is written, with Kneat becoming ISO 9001 certified. Kneat customers include the majority of the world’s Top 10 Life Sciences companies. LIMERICK, Ireland, Feb. 23, 2021 /CNW/ – kneat… Continued reliance on forward-looking statements is at an investors’ own risk. One that could 100% enable digitization and instigate a mass movement from the world of clunky paper-based validation. It was an instant hit, is now used by some of the world’s leading life sciences companies and is quickly gaining acceptance as the top solution for the digital transformation of all commissioning, qualification and validation processes. Since many of the customer contracts are in currencies other than the Canadian dollar, the Canadian dollar equivalent is calculated using the related period end exchange rate multiplied by the currency amount. An expert team is formed .
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